February 5, 2020 / 2:20 AM / 2 months ago

GRAINS-Soybeans rise for third straight day; lower demand worries cap gains

SYDNEY, Feb 5 (Reuters) - U.S. soybean futures rose for a third straight session, although gains were checked amid fears that the coronavirus outbreak in China will limit demand from the world’s largest importer.


* The most-active soybean futures on the Chicago Board of Trade rose 0.4% to $8.82-3/4 a bushel by 0154 GMT, having firmed 0.3% on Tuesday.

* Corn futures were down 0.2% at $3.81-1/2 a bushel, having gained 0.9% in the previous session.

* Wheat futures gained 0.4% to $5.59-1/4 a bushel, having closed up 0.3% on Tuesday.

* White House economic adviser Larry Kudlow said the coronavirus would delay a surge in U.S. exports to China expected from the Phase 1 trade deal.

* Commodity brokerage INTL FCStone raised its forecast of Brazil’s 2019/20 soybean crop to 124 million tonnes, up 1.9% from its January forecast.


* The dollar held gains against the yen on Wednesday amid a broad unwinding of safe-haven positions as China’s responses to the coronavirus outbreak supported investor confidence, even as deaths and new cases climbed.

* Oil prices rose on Wednesday, reversing out of a 1% slump in the previous session, boosted by producers weighing further output cuts to counter a potential squeeze on global oil demand resulting from coronavirus.

* The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China’s central bank intervened.

Reporting by Colin Packham; editing by Uttaresh.V

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below